NICE Actimize agrees acquisition of Guardian Analytics
NICE Actimize has finalised an acquisition agreement with cloud-based financial risk management firm Guardian Analytics.
The acquisition, which is expected to close in Q4 2020, will give NICE Actimize a boost in its ability to target small and medium financial institutions.
Founded in 2005 and based in Mountain View, California, Guardian Analytics provides machine learning technology to prevent banking fraud. The company claims that more than 450 financial institutions are using its technology.
The combination of NICE Actimize and Guardian Analytics’ fraud and anti-money laundering capabilities will, according to the two firms will, “empower firms of all sizes to accelerate the adoption of the industry’s most innovative solutions”.
According to NICE Actimize CEO, Craig Costigan, the deal is a “significant step” in advancing the future of managing financial risk.
He says: “The acquisition of Guardian Analytics brings together the unique combination of proven expertise, best-in-class innovation, and the power of the cloud, presenting a major opportunity for accelerated growth.”
Eric Tran-Le, Guardian Analytics Co-CEO, says that financial services organisations “need to stay ahead of today’s threats”.
He adds: “Our unique offerings enable firms to rely on a single provider to accelerate their financial crime risk management strategies.”